Convertible Notes Payable (Tables)

6 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Convertible Debt [Table Text Block]

As of December 31, 2018, the Company's convertible notes payable consist of the following:

	Interest			Principal			Unaccreted		Net Carrying			Accrued
Issuance Date	Rate			Balance			Debt Discount		Value			Interest
May 10, 2010		8.0	%	$	10,000		$	-	$	10,000		$	2,762
February 26, 2018		15.0	% (1)		500,000			36,428		463,572			88,767
April 3, 2018		15.0	% (1)		4,040,000			288,924		3,751,076			539,257
April 3, 2018		15.0	% (1)		700,000			1,826		698,174			120,526
April 11, 2018		15.0	% (1)		100,000			7,048		92,952			12,822
Total					5,350,000			334,226		5,015,774			764,134
Less current maturities					(10,000	)		-		(10,000	)		(2,762	)
Long-term debt				$	5,340,000		$	334,226	$	5,005,774		$	761,372

(1) Represents the interest rate that was in effect for the six months ended December 31, 2018.

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following table sets forth a reconciliation of changes in the fair value of the embedded derivative liability for the six months ended December 31, 2018:

Liability as of June 30, 2018	$	73,904
Gain from reduction in fair value of embedded derivative		(73,904	)
Liability as of December 31, 2018	$	-